U.S. stocks rise for second day; materials a boost

BofA/Merrill Lynch Downgrades Ralph Lauren (RL) to Underperform

BofA/Merrill Lynch downgraded Ralph Lauren (NYSE: RL) from Neutral to Underperform with a price target of $85.00 (from $110.00).

For an analyst ratings summary and ratings history on Ralph Lauren click here. For more ratings news on Ralph Lauren click here.

Shares of Ralph Lauren closed at $89.95 yesterday.

Sterne Agee CRT Reiterates Buy Following LinkedIn's (LNKD) Strong 4Q and Weak Guidance

Sterne Agee CRT maintained a Buy rating on LinkedIn (NYSE: LNKD), and cut the price target to $218.00 (from $300.00), following the company's 4Q earnings report. LNKD reported 4Q15 Revenue / Adjusted EBITDA / EPS of $862M / $249M / $0.94. This compares to consensus of $857M / $217M / $0.78. 2016 guidance disappointed as... More

LinkedIn (LNKD) Provides Weak Guidance as Management Tries to Refocus Business; FBR Capital Cuts PT to $135

FBR Capital reiterated a Market Perform rating on LinkedIn (NYSE: LNKD), and cut the price target to $135.00 (from $189.00), following the company's 4Q earnings report. LNKD offered disappointing top- and bottom-line guidance for 2016. Top-line guidance was 7% below consensus at the midpoint of guidance, as adjusted EPS guided to 16% below... More

Needham & Company Cuts Price Target as LinkedIn's (LNKD) 4Q Revenue Beat is Overshadowed by Weak Guidance

Needham & Company maintained a Buy rating on LinkedIn (NYSE: LNKD), and cut the price target to $200.00 (from $300.00), following the company's 4Q earnings report. Non-GAAP EPS was $0.94, ahead of consensus of $0.78. Total revenue was reported at $862M, above expectations of $857M, decelerating slightly to 34% y/y growth from 37% in 3Q15. The primary revenue upside was driven by Learning and Development, as... More

Piper Jaffray Cuts Price Target on Ralph Lauren (RL) Following Negative FY17 Expectations

Piper Jaffray reiterated a Neutral rating on Ralph Lauren (NYSE: RL), and cut the price target to $94.00 (from $116.00), following the company's 3Q earnings report, and challenging guidance. Ralph Lauren provided initial color around FY17, below the Street. Revenue is expected to be negative on a Y/Y basis, below prior estimates of 4.2% growth. On the call, new CEO Stefan Larsson indicated he was... More

Credit Suisse (CS) Reports Q4 Loss of CHF3.28

Credit Suisse (NYSE: CS) reported Q4 EPS of (CHF3.28), versus CHF0.39 reported last year. Revenue for the quarter came in at CHF4.19 billion, versus CHF6.42 billion reported last year.

In 4Q15, Credit Suisse reported a net loss attributable to shareholders of CHF 5,828 million,... More